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20121118
20121118
Search Results 0 to 2 of about 3 (some duplicates have been removed)
zero, is if the government deficit is big enough to more than offset the trade deficit. if the u.s. is running trade deficits on the order of 4.5% of gdp, the government deficit has to be at least 4.5% of gdp, or the private sector will fall below zero. every single time. here is the cbo forecast. this is what is projected to happen to the government deficit if we hit the cliff. this is the alternative scenario. if we hit the cliff, the projection is that the government deficit will shrink to around 2% of gdp. deficits of 2% of gdp, together with trade deficits of 4.5%, in the private sector is by definition going to be in the negative. we are going to be running a deficit. here is the same image flipped over. it is the mirror image of that. it says that if the government reduces its deficit, it is reducing the surplus to the non-government sector. you have to be able to put these things in context. why does it matter? what difference does it make if the private sector is in surplus or deficit? it turns out it makes a big difference. p the private sector budget balance is shown her
. meanwhile, u.s. officials moving to deescalate the rising violence, advising israel not to enter gaza, fearing it could draw egypt in to that consulate. and joining us the consulate general, good to see you ambassador. >> thank you for having me. >> dave: the latest what we just said. benjamin netanyahu told the cabinet he's ready to significantly be expand its operation in gaza. is israel prepared for a ground invasion into gaza and what could incite that? >> look the mandate from the inception was to remove this strategic threat posed by thousands of rockets on israelis-- innocent israelis paralyzing our entire southern region. so the goal was to remove that threat and the mandate given to the defense forces from the government was not limited in time nor in scope. so in other words, the possibility of israel moving in with ground forces certainly exists, it depends how the operation develops on the ground. right now, hamas is firing rockets. hamas is still displaying a tremendous degree of aggression towards israel and the purpose of this operation is to eliminate that threat. >> m
Search Results 0 to 2 of about 3 (some duplicates have been removed)

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